Financial services update: ESMA on short selling; new principles for CISs; Financial Conglomerates Directive
Overview
The weekly financial services update from Macfarlanes includes details on:
- the FSA Discussion Paper on AIFMD implementation;
- ESMA's consultation paper on short selling and credit default swaps;
- FSA fines insurance companies for principle 2 breach (skill, care and diligence);
- FSA amendments to rules on custody liens; IOSCO's nine principles on suspensions of redemption of in collective investment schemes;
- the first amending Directive to financial conglomerates legislation; and
- the European Association of Central Counterparty Clearing Houses' survey concerning central counterparty clearing houses.
To read the full details on all these stories, click 'View Briefing'.
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